Coke earmarks a further $4B for investment in China

Coca-Cola (KO) intends to spend over $4B in China from 2015-2017, including on constructing new facilities, as it looks to fight back against the competition that has been slowly taking away market share.

The investment will add to the $4B that Coke has allocated to invest in China, whose drinks market is worth 421B yuan ($69.12B), from 2012-2014.

Coke is also open to agreements with Chinese companies, which could help the beverages giant tap the taste for more local-style herbal teas and healthier drinks.